Down to Wire: Vodafone vs. Verizon

NEW YORK -- Talks between Vodafone Group PLC and Verizon Communications Inc. about dismantling their joint venture in Verizon Wireless have reached a tense juncture, according to people close to the situation.

The stakes are high for both sides. Vodafone, Europe's largest wireless carrier, is exploring ways to get out of Verizon Wireless so it can potentially pursue a bid for rival AT&T Wireless Services Inc. as a Friday bidding deadline approaches. But the last thing Verizon wants is for Vodafone to buy AT&T Wireless...